L-3 to Buy Back Shares

This video talks through the L3 (LLL) stock buyback.  They are buying 10 billion in stock back over a 2 year time frame.  He believes that weapons spending may move lower but L3 should be in a good position.  L3 is cheap relative to their peers; they have a low p/e ratio relative to their peers and they have good cash flow yield which provides it a safe haven status. 

Additionally, they have very low pension benefit obligations, near 20%, which is substantially lower than their peers.  He believes that their organic growth in 2009 should increase as they are getting strong support from the government.
Tim Ord
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Tim Ord is a technical analyst and expert in the theories of chart analysis using price, volume, and a host of proprietary indicators as a guide...

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